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Simone Liedtke

Simone Liedtke

Simone Liedtke is a Creamer Media Senior Online Writer and Social Media Specialist for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Astral Foods ‘cautiously satisfied’ with earnings for the year

14th September 2020 Poultry producer Astral Foods has indicated that its earnings a share and headline earnings a share for the year ending September 30, are expected to be down by no more than 25% on the comparative period’s reported results. Astral CEO Chris Schutte on September 14 said Astral was “cautiously... 

BLSA’s Mavuso encourages accountability, delivery to improve business outlook

14th September 2020 Business Leadership South Africa (BLSA) CEO Busi Mavuso on September 14 emphasised the importance of accountability and delivery thereafter, particularly as the country continues to work towards driving the economic recovery after the Covid-19 crisis. While encouraged by President Cyril... 

Tourism sector appealing to govt to reopen borders

11th September 2020 Adding its weight to the call for urgently lifting restrictions to save South Africa’s economy is the tourism sector, which was among the first and hardest hit by the lockdown measures instituted in the State of Disaster. The second-quarter gross domestic product (GDP) contraction indicates the... 

Ivanhoe Mines continues work on project portfolio

11th September 2020 Canadian mining firm Ivanhoe Mines is in the process of updating its figures for an updated bankable feasibility study (BFS) and phased development plan for the preliminary economic assessment (PEA) for its South African Platreef operation. The updated BFS and PEA should be published within the... 

Switch from coal to renewables will not take place overnight

11th September 2020 The use of coal is enabling the energy transition, owing to its provision of a basis for the economy to develop, drive wealth and enable economic progress, which then, in turn, creates and enables the funds for stronger and further investment into renewable energy, says Boston Consulting Group MD... 

South Africa's mining output declines 9.1% y/y in July

10th September 2020 Mining production decreased by 9.1% year-on-year in July, with the largest negative contributors being other nonmetallic minerals and chromium ore sector. Other non-metallic minerals contributed -2.8 percentage points to the decline with an overall decrease of 44.9% in output, while chromium ore... 

Manufacturing continues on downward slump

10th September 2020 Manufacturing production decreased by 10.6% year-on-year in July, with the largest decline in furniture and other manufacturing, which declined by 39.1% and contributed -1.4 percentage points to the overall decline. The second highest decline was in motor vehicles, parts, accessories and other... 

Vivo Energy Investments offers $350m senior notes to repay debt

10th September 2020 Vivo Energy Investments has announced an offering of $350-million senior notes, with a maturity of either five or seven years, guaranteed on a senior unsecured basis by Vivo Energy and Vivo Energy Holding. Vivo Energy Investments is a subsidiary of Vivo Energy and is a distributor and retailer of... 

BlueRock recovers another high-value diamond at Kareevlei

10th September 2020 Aim-listed diamond miner BlueRock Diamonds has recovered a 9.7 ct diamond with an initial independent valuation estimate of $75 000. This marks the second high-value stone recovered at Kareevlei diamond mine, in Kimberley – BlueRock’s flagship operation − this quarter. 

Medupi conveyor belt failure raises risk of load-shedding

10th September 2020 State-owned power utility Eskom on September 10 warned of an increased risk of load-shedding following the failure of a conveyor belt feeding coal into the Medupi generation units on September 9. This means the four generation units in service are not able to take in the requisite amount of coal... 

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